The Central Bank of Chile has stated that it will not add bitcoin to its reserves as it does not comply with the requirements to be included as a bank investment. The bank cited criteria set by organizations like the International Monetary Fund (IMF) which include security, liquidity, and quality. Bitcoin and other cryptocurrencies are said to not fulfill these criteria and there may also be legal reasons to block their inclusion. The Central Bank of Chile has limited assets that can be included in its books to gold, securities, and instruments issued or guaranteed by foreign states or financial institutions. Meanwhile, Brazil has introduced a bill to establish a strategic bitcoin reserve.



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